What to the general public Keeping social

What
are the other benefits that can be expected by implementing CSR activities?

It encourages both professional and
personal development

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Providing the opportunity for employees to be involved
in a company’s socially responsible activities can have the benefit of learning
new skills, which can in turn be applied in the workplace. By undertaking
activities outside of their usual work responsibilities, employees have the
chance to contribute to work and causes that they might feel passionate about,
or learn something entirely new which can help enrich their own perspectives. By
supporting these activities, organizations encourage growth and support for
employees.

 

It enhances relationships with clients

Having strong corporate social responsibility framework
will lead to strengthen the relationship between clients and the organization.
This will also help in developing new relationships with clients which could
generate more profit for the organization.

 

The ability to have positive impact to the
general public

Keeping social responsibility front of mind encourages
businesses to act ethically and to consider the social and environmental
impacts of their business. In doing so, companies can avoid or mitigate negative
impacts of their business to the community. In some cases, companies will find
ways to make changes in their services or value chain that delivers benefits
for the general public.

 

Cost Reductions

CSR activities does not always cost money for the
organizations. If it is done right, the organization can save lot of money.
Below are the ways that an organization can reduce cost through CSR activities.

· More efficient staff hire and
retention

· Implementing energy savings
programs

· Managing potential risks and
liabilities more effectively

· Less investment in traditional advertising

 

Long term future for your business

Business are done on the going concern concept. Therefore,
organizations will last longer periods of time. By undertaking CSR activities,
an organization can achieve long term sustainability.

Easier access to capital

By undertaking CSR activities, it will be easier for
an organization to raise capital for the company requirements. The company reputation
will increase and that will lead to develop the investor confidence towards the
organization.

 

 

Differentiate
the CSR concept in developed and developing world?

The CSR activities in developing and developed
countries could be different. Visser (2008) stated four reasons why CSR cannot
be treated same in developed and developing countries. Those are as follows.

 

1.The economies of developing countries are the most
rapidly expanding and hence the most

lucrative markets for business.

2.Social and environmental crises in developing
countries are often most acutely felt.

3.Aspects as globalization, economic growth,
investment and business activities are likely to

have the most dramatic social and environmental impact
in developing countries (both positive and negative).

4.The challenges of CSR practising in developing
countries are distinctively different from the ones in the developed world
(Visser, 2008).

 

There is no doubt that both the view on and the practicing
of CSR in developing countries are very different from CSR seen in the resourceful
developed countries. “Visser” developed ten drivers for CSR in Developing
countries. Those are as below

 

Internal Drivers

·        
Cultural tradition

·        
Political reforms

·        
Socio economic priorities

·        
Governance gaps

·        
Crisis response

·        
Market access

 

 

External Drivers

·        
International standardization

·        
Investment incentives

·        
Stakeholder activism

·        
Supply chain

 

According to the analysis, the external drivers are
more relevant than the internal drivers. Furthermore, Visser (2008) found out
that CSR in developing countries tends to be less institutionalized and that
CSR codes and standards are less commonly integrated in procedures of companies
in developing countries.

The concept of CSR mainly originated from the
developed countries. Standardization has a great impact on the development of
CSR around the world. There are various ways of standardizing CSR and several
different organizations that design standards. Many developed countries have governmentally
supported standardization (e.g. Danish Standard, DS). Often, these national standardization
organizations translate and modify standards that have been developed on an
international level by international standardization organizations.

Most of the developed countries are more focused on
the child labor. There have been huge arguments regarding the use of child labor
in the recent past. The developed world is in many ways privileged to have an institutionalized
society where CSR can continue to develop in many areas. However, the
communication and the useful involvement may lack understanding and ability to understand
another starting point than the one we have in the Western world. The
background of developing countries is often far from the one of developed countries
and therefore requires a different cultural view and a different basis.

 

What
is your idea of this differentiating?

There could be several reasons for the differentiation
of CSR activities in developed and developing countries. One of the main factor
is the culture and the traditional differences between developed and developing
countries. The way people see the CSR activities done by organization could be
different. And, the CSR activities done by developed countries may not directly
beneficial to implement in the developing countries. The CSR activities should
be tailor maid for each country and it should suit the requirement of community
which the organization operates. In the other hand the issues addressed through
CSR activities in developing countries may not even exist in the developed
countries.

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